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Some Current Issues of Interational Monetary Policy

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  • Perkins, J.O.N.

Abstract

This paper addresses some current policy issues relating to international monetary arrangements. There is first a discussion of some questions relating to the International Monetary Fund, including its role as a possible lender of last resort to prevent future international financial contagion. Some arguments relating to Britain?s possible entry into the euro system are also raised, with principal attention to Britain?s transactions with the non-euro countries. Some issues of exchange rate policy, including currency unions, for countries outside the euro area and the United States are also discussed.

Suggested Citation

  • Perkins, J.O.N., 2000. "Some Current Issues of Interational Monetary Policy," Department of Economics - Working Papers Series 758, The University of Melbourne.
    • Handle: RePEc:mlb:wpaper:758
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    File URL: http://www.economics.unimelb.edu.au/downloads/wpapers-00-01/758.pdf
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    References listed on IDEAS

    as
    1. McKinnon, Ronald I & Pill, Huw, 1999. "Exchange-Rate Regimes for Emerging Markets: Moral Hazard and International Overborrowing," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 15(3), pages 19-38, Autumn.
    2. Willem H. Buiter & Anne C. Sibert, 1999. "UDROP: A Contribution to the New International Financial Architecture," International Finance, Wiley Blackwell, vol. 2(2), pages 227-247, July.
    3. Buiter, Willem, 2000. "Optimal Currency Areas: Why Does The Exchange Rate Regime Matter?," CEPR Discussion Papers 2366, C.E.P.R. Discussion Papers.
    4. Willem H. Buiter, 1999. "The EMU and the NAMU: What is the Case for North American Monetary Union?," Canadian Public Policy, University of Toronto Press, vol. 25(3), pages 285-305, September.
    5. Paul F. Whiteley (ed.), 1998. "Economic Policy," Books, Edward Elgar Publishing, volume 0, number 996.
    6. Sharon McCaw & C John McDermott, 2000. "How New Zealand adjusts to macroeconomic shocks: implications for joining a currency area," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 63, March.
    7. J. O. N. Perkins, 2000. "The Reform of Macroeconomic Policy," Palgrave Macmillan Books, Palgrave Macmillan, number 978-0-230-28873-7.
    8. Buiter, Willem H & Sibert, Anne C, 1999. "UDROP: A Contribution to the New International Financial Architecture," International Finance, Wiley Blackwell, vol. 2(2), pages 227-247, July.
    9. J. O. N. Perkins, 1997. "Budget Deficits and Macroeconomic Policy," Palgrave Macmillan Books, Palgrave Macmillan, number 978-0-230-37328-0.
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    More about this item

    Keywords

    INTERNATIONAL ECONOMY ; MONETARY POLICY;

    JEL classification:

    • F30 - International Economics - - International Finance - - - General
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy

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